Content and time of notification.

CFR · 2024-01-01 · US · Title 12

Every FDIC-supervised institution effecting a securities transaction for a customer shall give or send, by mail, facsimile or other means of electronic transmission, to the customer at or before completion of the transaction one of the types of written notification identified below: (a) (2) If the FDIC-supervised institution is to receive remuneration from the (b) (1) Name of the FDIC-supervised institution; (2) Name of the customer; (3) Whether the FDIC-supervised institution is acting as agent for such customer, as agent for both such customer and some other person, as principal for its own account, or in any other capacity; (4) The date and time of execution, or the fact that the time of execution will be furnished within a reasonable time upon written request of the customer, and the identity, price, and number of shares or units (or principal amount in the case of debt securities) of the security purchased or sold by the customer; (5) The amount of any remuneration received or to be received, directly or indirectly, by any broker/dealer from such customer in connection with the transaction; (6)(i) The amount of any remuneration received or to be received by the FDIC-supervised institution from the customer, and the source and amount of any other remuneration received or to be received by the FDIC-supervised institution in connection with the transaction, unless: (A) Remuneration is determined pursuant to a prior written agreement between the FDIC-supervised institution a

official document · source cfr-2024 · id 12:§ 344.5